Thailand Coconut Water Market Size & Outlook, 2023-2030
Thailand coconut water market, 2018-2030 (US$M)
Related Markets
Thailand coconut water market highlights
- The Thailand coconut water market generated a revenue of USD 79.1 million in 2023 and is expected to reach USD 289.8 million by 2030.
- The Thailand market is expected to grow at a CAGR of 20.4% from 2024 to 2030.
- In terms of segment, conventional was the largest revenue generating nature in 2023.
- Organic is the most lucrative nature segment registering the fastest growth during the forecast period.
Coconut water market data book summary
| Market revenue in 2023 | USD 79.1 million |
| Market revenue in 2030 | USD 289.8 million |
| Growth rate | 20.4% (CAGR from 2023 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Organic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Organic, Conventional |
| Key market players worldwide | The Vita Coco Co Inc, Celebes Coconut Corporation, PepsiCo Inc, Taste Nirvana, Goya Foods, Harmless Harvest |
Other key industry trends
- In terms of revenue, Thailand accounted for 2.1% of the global coconut water market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China coconut water market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 155.4 million by 2030.
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Coconut Water Market Scope
Coconut Water Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand coconut water market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to coconut water market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 79.77% in 2023. Horizon Databook has segmented the Thailand coconut water market based on organic, conventional covering the revenue growth of each sub-segment from 2018 to 2030.
The coconut water market in Thailand is driven by a combination of health trends, consumer preferences, and agricultural practices. A significant factor contributing to its growth is the growing health consciousness among consumers, who are increasingly seeking natural and nutritious beverages.
In addition, the unique taste and aroma of Thai coconut water, attributed to the country's fertile agricultural conditions and experienced farmers, set it apart in the global market. The emphasis on organic farming practices and reduced chemical use further enhances the product's appeal, aligning with the growing demand for organic and sustainably sourced products.
In June 2023, Thai Coconut, known for its coconut milk and water beverages, is expanding its product range by entering the plant-based meat and seafood sector. The company has developed both Asian and Western-style plant-based alternatives made with a combination of coconut, pea protein, pea fiber, and soy protein.
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Target buyers of Thailand coconut water market databook
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Our clientele includes a mix of coconut water market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Thailand coconut water market, including forecasts for subscribers. This country databook contains high-level insights into Thailand coconut water market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand coconut water market size, by nature, 2018-2030 (US$M)
Thailand Coconut Water Market Share, 2023 & 2030 (US$M)
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